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Oil Falls as Weak US Economic Data Stokes Recession Fears

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Oil Falls as Weak US Economic Data Stokes Recession Fears

Oil prices declined Thursday, as a result of weak economic data from the US, which raised fears of a possible global recession and a decline in demand for oil.

Brent crude futures fell 74 cents, or 0.9%, to $84.25 a barrel. West Texas Intermediate (WTI) crude futures fell 73 cents, or 0.9%, to $79.88 a barrel. (QNA)

Source: Qatar News Agency

Qatar Newswire

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